81 FR 23529 - Sunshine Act Meeting; Cancellation
SECURITIES AND EXCHANGE COMMISSION Federal Register Volume 81, Issue 77 (April 21, 2016)
Federal Register Volume 81, Issue 77 (April 21, 2016)
| Page Range | 23529-23529 | |
| FR Document | 2016-09355 |
[Federal Register Volume 81, Number 77 (Thursday, April 21, 2016)] [Notices] [Page 23529] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-09355] ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meeting; Cancellation FEDERAL REGISTER CITATION OF PREVIOUS ANNOUNCEMENT: PREVIOUSLY ANNOUNCED TIME AND DATE OF THE MEETING: Thursday, April 21, 2016 at 2:00 p.m. CHANGES IN THE MEETING: The Closed Meeting scheduled for Thursday, April 21, 2016 at 2:00 p.m., has been cancelled. CONTACT PERSON FOR MORE INFORMATION: For further information and to ascertain what, if any, matters have been added, deleted or postponed, please contact the Office of the Secretary at (202) 551-5400. Dated: April 18, 2016. Brent J. Fields, Secretary. [FR Doc. 2016-09355 Filed 4-19-16; 11:15 am] BILLING CODE 8011-01-P
![Federal Register / Vol. 81, No. 77 / Thursday, April 21, 2016 / Notices 23529
FOR FURTHER INFORMATION CONTACT: due, fee, or other charge imposed by the rebates for Customer 7 and Market
Direct questions regarding the service Exchange under Section 19(b)(3)(A)(ii) Maker 8 orders. The Exchange proposes
contract inventory to Vance Cathell, of the Act 3 and Rule 19b–4(f)(2) to add an additional Customer Volume
Director Office of Acquisitions thereunder,4 which renders the Tier to footnote 1.
202.551.8385 or CathellV@sec.gov. proposed rule change effective upon Fee code PC and NC are currently
Dated: April 15, 2016. filing with the Commission. The appended to all Customer orders in
Brent J. Fields, Commission is publishing this notice to Penny Pilot Securities 9 and Non-Penny
Secretary.
solicit comments on the proposed rule Pilot Securities,10 respectively and
change from interested persons. result in a standard rebate of $0.01 per
[FR Doc. 2016–09202 Filed 4–20–16; 8:45 am]
contract. The Customer Volume Tiers in
BILLING CODE 8011–01–P I. Self-Regulatory Organization’s
footnote 1 consist of five separate tiers,
Statement of the Terms of Substance of
each providing an enhanced rebate to a
the Proposed Rule Change
SECURITIES AND EXCHANGE Member’s Customer orders that yield fee
The Exchange filed a proposal to codes PC or NC upon satisfying monthly
COMMISSION amend the fee schedule applicable to volume criteria required by the
Sunshine Act Meeting; Cancellation Members 5 and non-members of the respective tier. For instance, pursuant to
Exchange pursuant to Exchange Rules Customer Volume Tier 1, the lowest
FEDERAL REGISTER CITATION OF PREVIOUS 15.1(a) and (c). volume tier, a Member will receive a
ANNOUNCEMENT: The text of the proposed rule change rebate of $0.05 per contract where the
PREVIOUSLY ANNOUNCED TIME AND DATE OF is available at the Exchange’s Web site Member has an ADV 11 in Customer
THE MEETING: Thursday, April 21, 2016 at www.batstrading.com, at the orders equal to or greater than 0.10% of
at 2:00 p.m. principal office of the Exchange, and at average TCV.12 Pursuant to Customer
CHANGES IN THE MEETING: The Closed the Commission’s Public Reference Volume Tier 5, the highest volume tier,
Meeting scheduled for Thursday, April Room. a Member will receive a rebate of $0.25
21, 2016 at 2:00 p.m., has been II. Self-Regulatory Organization’s per contract where the Member has an
cancelled. Statement of the Purpose of, and ADV in Customer orders equal to or
CONTACT PERSON FOR MORE INFORMATION: Statutory Basis for, the Proposed Rule greater than 0.80% of average TCV. To
For further information and to ascertain Change encourage the entry of additional orders
what, if any, matters have been added, to EDGX Options, the Exchange
In its filing with the Commission, the
deleted or postponed, please contact the proposes to adopt a new Tier 6 with
Exchange included statements
Office of the Secretary at (202) 551– different qualifying criteria.
concerning the purpose of and basis for
5400. Specifically, under new Tier 6, the
the proposed rule change and discussed
Exchange proposes to provide a rebate
Dated: April 18, 2016. any comments it received on the
of $0.21 per contract where: (1) The
Brent J. Fields, proposed rule change. The text of these
Member has an ADV in Customer orders
Secretary. statements may be examined at the
equal to or greater than 0.25% of
[FR Doc. 2016–09355 Filed 4–19–16; 11:15 am] places specified in Item IV below. The
average TCV; and (2) the Member has an
Exchange has prepared summaries, set
BILLING CODE 8011–01–P ADV in Market Maker Orders equal to
forth in Sections A, B, and C below, of
or greater than 0.25% of average TCV.
the most significant parts of such
The Exchange notes that the rebate of
SECURITIES AND EXCHANGE statements.
$0.21 per contract is the same rebate as
COMMISSION (A) Self-Regulatory Organization’s Tier 4, which is provided where the
[Release No. 34–77631; File No. SR– Statement of the Purpose of, and Member has an ADV in Customer orders
BatsEDGX–2016–09] Statutory Basis for, the Proposed Rule equal to or greater than 0.50% of
Change average TCV. By introducing Tier 6, the
Self-Regulatory Organizations; Bats
EDGX Exchange, Inc.; Notice of Filing 1. Purpose 7 The term ‘‘Customer’’ applies to any transaction
and Immediate Effectiveness of a The Exchange proposes to amend its identified by a Member for clearing in the Customer
Proposed Rule Change Related to Fees fee schedule for its equity options range at the Options Clearing Corporation (‘‘OCC’’),
excluding any transaction for a Broker Dealer or a
as They Apply to the Equities Options platform (‘‘EDGX Options’’) to add a ‘‘Professional’’ as defined in Exchange Rule 16.1.
Platform new tier to its existing tiered pricing 8 The term ‘‘Market Maker’’ applies to any
structure, as further described below.6 transaction identified by a Member for clearing in
April 15, 2016. the Market Maker range at the OCC, where such
The Exchange currently offers two
Pursuant to Section 19(b)(1) of the pricing tiers under footnotes 1 and 2 of Member is registered with the Exchange as a Market
Securities Exchange Act of 1934 (the Maker as defined in Rule 16.1(a)(37).
the fee schedule, Customer Volume 9 The term ‘‘Penny Pilot Security’’ applies to
‘‘Act’’),1 and Rule 19b–4 thereunder,2 Tiers and Market Maker Volume Tiers, those issues that are quoted pursuant to Exchange
notice is hereby given that on April 7, respectively. Under the tiers, Members Rule 21.5, Interpretation and Policy .01.
2016, Bats EDGX Exchange, Inc. (the that achieve certain volume criteria may 10 The term ‘‘Non-Penny Pilot Security’’ applies
‘‘Exchange’’ or ‘‘EDGX’’) filed with the qualify for reduced fees or enhanced to those issues that are not Penny Pilot Securities
Securities and Exchange Commission quoted pursuant to Exchange Rule 21.5,
Interpretation and Policy .01.
(‘‘Commission’’) the proposed rule 3 15 U.S.C. 78s(b)(3)(A)(ii). 11 ‘‘ADV’’ means average daily volume calculated
jstallworth on DSK7TPTVN1PROD with NOTICES
change as described in Items I, II and III 4 17 CFR 240.19b–4(f)(2). as the number of contracts added or removed,
below, which Items have been prepared 5 The term ‘‘Member’’ is defined as ‘‘any combined, per day.
by the Exchange. The Exchange has registered broker or dealer that has been admitted 12 ‘‘TCV’’ means total consolidated volume
designated the proposed rule change as to membership in the Exchange.’’ See Exchange calculated as the volume reported by all exchanges
Rule 1.5(n). to the consolidated transaction reporting plan for
one establishing or changing a member 6 The Exchange initially filed the proposed the month for which the fees apply, excluding
change on April 1, 2016 (SR–BatsEDGX–2016–08). volume on any day that the Exchange experiences
1 15 U.S.C. 78s(b)(1). On April 7, 2016, the Exchange withdrew SR– an Exchange System Disruption and on any day
2 17 CFR 240.19b–4. BatsEDGX–2016–08 and submitted this filing). with a scheduled early market close.
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Document Created: 2016-04-21 01:17:03
Document Modified: 2016-04-21 01:17:03
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| FR Citation | 81 FR 23529 |
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